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Yorbeau Closes Non-Brokered Private Placement
Globenewswireยท 2025-12-15 12:45
Core Points - Yorbeau Resources Inc. has completed a fully-subscribed private placement, issuing 13,750,000 "flow-through" Class A common shares at a price of $0.08 per share, raising total proceeds of $1,100,000 [1][2] - The funds raised will be utilized for Canadian exploration expenses on the company's properties [2] - Four directors subscribed for a total of 10,000,000 Class A common shares, amounting to an aggregate subscription price of $800,000, which qualifies as a "related party transaction" under Multilateral Instrument 61-101 [3] Company Overview - Yorbeau Resources is a Canadian public company focused on gold and base metal exploration in Quebec, Canada [5] - The company aims to find a partner to further explore and develop its Scott Lake zinc copper deposit near Chibougamau, Quebec [5] - Yorbeau is also concentrating on exploration in the Detour, Joutel, and Selbaie regions of northwestern Quebec, including properties adjacent to ongoing exploration activities by other companies [5]